This legal document is important for anyone in the real estate business, as it sets clear terms and conditions for both parties involved.
Download our template of this vital real estate contract , be it a simple rental agreement, a full-fledged rental contract, or a detailed residential lease agreement, and tailor it to your specific needs.
RESIDENTIAL LEASE AGREEMENT
THIS LEASE AGREEMENT (“Lease”) made and entered into this __ day of ____, 20__ (the “Lease Term”) by and between ______ (the “Landlord”), a New York corporation, and _____ (the “Tenant”).1. PREMISES
Landlord leases to Tenant and Tenant rents from Landlord the premises located at ________ New York, NY___ . The Premises will be used for residential purposes only.2. TERM
The initial term of this Lease will start on ______, and will terminate on ______ , unless either Landlord or Tenant terminate this Lease in writing sooner as allowed herein.3. RENT
Tenant agrees to pay $______ per month, due on the 1st day of each calendar month.4. SECURITY DEPOSIT
Upon execution of this Lease, Tenant will deposit with Landlord the sum of $_____ as security for Tenant’s performance of its obligations under this Lease.5. USE OF PREMISES
The Premises will be used for residential purposes only.6. REPAIR AND MAINTENANCE
Tenant will keep the Premises in clean, sanitary, and good condition.7. INSURANCE
Tenant will maintain sufficient insurance to cover all personal property located on the Premises.8. DEFAULT
If Tenant fails to comply with any of the material provisions of this Lease or of any present rules and regulations governing the Premises, Landlord may terminate this Lease upon providing proper notice to Tenant.9. GOVERNING LAW
This Lease will be governed by and construed in accordance with the laws of the state of New York.10. ENTIRE AGREEMENT
This Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement. LANDLORD: ______________________ Date: ________ TENANT: ______________________ Date: ________ TENANT: ______________________ Date: ________ Note: This is a basic lease agreement and may not cover your specific legal needs. You should consult with a lawyer before using this lease agreement.Download Contract
If you’re looking for more legal templates related to property in New York, you might also be interested in this Contract for Deed Template (New York).